Life of luxury portrayed in absurd old Conservative show about lady's rise to power (5,4)
I believe the answer is:
dolce vita
'life of luxury portrayed in' is the definition.
The definition suggests a singular noun which matches the answer.
'absurd old conservative show about lady's rise to power' is the wordplay.
I cannot quite understand how this works, but
an anagram of 'old' is 'dol' which is present in the answer.
'conservative' could be 'c' (UK political abbreviation) and 'c' is present in the answer.
'show' could be 'evita' (musical by Andrew Lloyd Webber) and 'evita' is present in the answer.
No letters remain.
This explanation may well be incorrect...
Can you help me to learn more?
(Other definitions for dolce vita that I've seen before include "Hedonistic existence" , "good times" , "Life of luxury (Italian)" .)